Re: Why economists say Bitcoin a bubble

I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?

A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.

Bitcoin has a fixed amount in existence and i don't think that once it is all mined and done, there will be any other way where new bitcoins will come into existence. These economists actually don't know what they are talking about at all.

If there is enough consent for a new protocol, the total supply could be increased as far as I'm aware. But that would probably destroy trust in Bitcoin and be a very desperate measure should it ever take place. I agree that most Economists have no clue about reality though. The only ones that I've come to know personally that have a deep understanding usually studied Mathematics and then switched to Economics later on, which is rather rare.